What is an investor?
An investor is any person who commits capital with the expectation of receiving financial return. Generally, there are two kinds of investors, “retail” investors (i.e. individuals) and “institutional” investors (including pension funds, mutual funds and insurance companies). The first step to consider when investing is setting financial goals. Start by understanding your current financial situation – what you own, what you owe, what you earn and what you spend. Understanding your current financial situation will help in creating an investment plan.
The resources on GetSmarterAboutMoney.ca including, the getting started, making a plan, and getting advice hubs may help build general knowledge as you move forward. We suggest speaking with a registered representative for investment advice to fit your personal and financial situation.